CRVUSDT forms the bottom in the area of 0.500-0.600. After that, a rally is formed, which turns into a strong consolidation in the area of trend resistance.
The cryptocurrency pair after another retest forms a resistance breakout, but at the same time, the price is still on the upper boundary of the local pattern. In the near future, if the price successfully overcomes the area of 0.883, I expect an active strengthening of the price to the area of 1.112 with the subsequent movement to 1.891. CRV shows great dynamics on the background of the fact that after the rally, there was not a strong pullback, but a consolidation is forming. The price got a strong support at 0.818 and from the MA-200. MA50 is a resistance and the price might try to test it soon.
Strong support at 0.818 and 0.770 Strong resistance: 0.883, 0.980, 1.300 I expect consolidation between 0.850 and 0.950 with further break through the resistance of the local wedge and growth to 1.890.
It's interesting to see the strong consolidation forming in the CRVUSDT pair, especially after the rally and the resistance breakout. The price seems to be testing the upper boundary of the local pattern, which could indicate a potential bullish move. I'm curious to know what indicators or signals you are using to anticipate the successful overcoming of the 0.883 area and the subsequent strengthening of the price to the 1.112 and 1.891 levels. Are there any specific catalysts or fundamental factors driving this anticipated growth in the near future?